Latest Asia Pacific News
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China yuan weakens to 6.1947 against USD
The Chinese currency Renminbi, or yuan, weakened 43 basis points to 6.1947 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading ...
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Thunderstorm slams S. Chinas Zhuhai
A powerful thunderstorm hit Zhuhai City, south China's Guangdong Province on May 22, 2013, discharging many cloud-to-ground lightening strikes and triggering waterlogging in urban areas. ...
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China losing luster for Japan makers
With labour costs surging in China and domestic production recovering competitiveness thanks to the weaker yen, many Japanese manufacturers have been prompted to review their production in China. Japan Display Inc., the world's largest maker of small and midsize liquid crystal displays, reportedly plans to relocate part of its production in China to Japan. Other domestic manufacturing ...
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Suu Kyi tells China to deal with Thein Sein on dam issue
Myanmar's opposition leader Aung San Suu Kyi told China to deal directly with the government if they wish to resume the controversial Myitsone project. Suu Kyi, chairperson of the National League for Democracy (NLD) and Lower House MP, conveyed the message during a meeting with the media held in Parliament in Nay Pyi Taw yesterday. Eleven Media Group reporters asked Suu Kyi about her ...
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Japan needs more companies that cherish their female workers
Japanese Prime Minister Shinzo Abe has trumpeted women's active involvement in the workforce as a pillar of the government's growth strategy. He aims to better utilise women's abilities to invigorate the nation's economy. Abe specifically asked for cooperation from the Japan Business Federation (Keidanren) and other organisations in urging all listed companies to appoint at ...
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Special envoy from N. Korea arrives in China
China underlined its commitment to the denuclearisation of the Korean Peninsula as Beijing received one of Pyongyang's top military officials on Wednesday as a special envoy from top leader Kim Jong-un. Choe Ryong-hae, director of the General Political Bureau of the Korean People's Army and member of the Presidium of the Political Bureau of the Workers' Party of Korea Central ...
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Cricket Australia Bulls looking into Lynns tweets on Teo case
Brisbane 4000 Queensland batsman Chris Lynn could find himself in hot water after using Twitter to opine about assault allegations levelled against NRL player Ben Te'o.Te'o released a statement on Wednesday saying he had not "acted improperly" after a Brisbane woman said she was left bleeding and abandoned with a fractured eye socket from an alleged assault by the South ...
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Asia-Pacific Bond Risk Rises Credit-Default Swap Prices Show
The cost of insuring Asia-Pacific corporate and sovereign bonds from non-payment increased, according to traders of credit-default swaps. The Markit iTraxx Asia index of 40 investment-grade borrowers ...
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China HSBC flash PMI hits seven-month low fans growth fears
The flash HSBC Purchasing Managers' Index (PMI) for May fell to 49.6, slipping under the 50-point level demarcating expansion from contraction for the first since October. The final HSBC PMI stood at 50.4 in ...
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China eases forex rules in special economic zones
SHANGHAI (Reuters) - China's foreign exchange regulator said on Wednesday that it will simplify regulation of foreign currency transactions for companies operating in China's special economic zones, as Beijing moves to liberalise the yuan. ...
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Economic Report China manufacturing swings to contraction HSBC
LOS ANGELES (MarketWatch) -- China's manufacturing activity has swung to contraction in May after months of slowing growth, according to preliminary data released Thursday from HSBC, with the results slamming ...
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Chinas factory activity contracting HSBC data
LOS ANGELES (MarketWatch) -- China's manufacturing activity was contracting in May, according to preliminary data released Thursday, as HSBC's "flash" Purchasing Managers' Index fell to a seven-month low of 49.6 from April's final reading of 50.4. A result below 50 signals contraction. Both the new orders and new export orders sub-indexes registered decreases in the ...
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Ford Australia to stop making cars
Ford is closing its two Australian auto plants and ending production of cars including the Falcon in 2016 amid soaring manufacturing costs and plummeting sales. The closure of the automaker's plants in the state of Victoria will mean the loss of 1,200 direct jobs, as well as affecting industries that supply parts and support, and will leave Ford as an import-only brand in Australia. Ford ...
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Fitch Publishes China Properties Groups IDR B-Stable
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Giant freezer offers shelter from fury
twister as it passed literally on top of them. "I thought it was an earthquake," recalled Michael. "I felt the building was shaking and moving. There were loud noises and banging and wind blowingI thought only the glass door of the restaurant would be broken, but when we crawled out, everything was gone." Initially, the Zhangs struggled to open the freezer door against ...
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Li moots China-Pak eco corridor
Li Keqiang on Wednesday linked growth in his country's restive west with that in sluggish Pakistan, saying the two sides wanted to create an "economic corridor" to boost development. Li, on his first overseas trip since taking over in a once-in-a-decade power transfer in Beijing, congratulated Pakistan on its recent general election and hailed the countries' long-standing ...
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Iodine deficiency during pregnancy adversely affects child’s mental development
Iodine deficiency during pregnancy, something rampant among Indian women, adversely affects the child's mental development. A UK study published in medical journal The Lancet on Thursday has shown that iodine - which is consumed mainly via dairy products and seafood - is essential for producing hormones made by the thyroid gland, which have a direct impact on fetal brain development. A ...
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Pope lands in exorcism row
A dispute over whether Pope Francis performed an exorcism intensified with a well-known exorcist insisting that Francis helped ';liberate'; a Mexican man possessed by four different ...
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Soldier hacked to death in suspected terror attack in London
David Cameron said appeared to be a politically motivated attack. The victim was a British soldier killed in broad daylight by unidentified assailants who tried to behead him while shouting "God is greatest" in Arabic, media reports said. Soon after the attack, two men carrying weapons were shot and wounded by police. Cameron cut short a visit to France to return to London and chair an ...
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UN calls for education on comfort women issue
Osaka Mayor Toru Hashimoto (Photo:Agencies) The United Nations says the Japanese government should educate the public about the exploitation of women who worked in brothels to serve Japanese soldiers during World War Two, NHK repoerted on Wednesday. The UN Committee on Economic, Social and Cultural Rights issued a report on Tuesday covering various issues in Japan, including so-called ...
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Japan US S.Korea to hold defense talks
The Japanese government is seeking to set up a meeting with US and South Korean defense ministry officials next month. They want to discuss the North Korean issue, NHK repoerts. Japanese government officials say they are adjusting schedules so that Japan's Defense Minister Itsunori Onodera can hold talks with US Defense Secretary Chuck Hagel and South Korea's Defense Minister Kim ...
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China manufacturing shrinks in May HSBC
MANUFACTURING activity in China contracted in May for the first time in seven months, HSBC says, in another sign of the weakness of recovery in the world's second-largest economy. The banking giant's preliminary purchasing managers' index (PMI) fell to 49.6 this month from a final 50.4 in April, putting it below the 50 mark that indicates contraction. A reading above signals ...
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Japan govt natural for JGB yields to rise as share prices gain
TOKYO | Wed May 22, 2013 10:37pm EDT TOKYO May 23 (Reuters) - Japan's top government spokesman said on Thursday that it was natural for government bond yields to rise on the back of gains by Tokyo stocks and that he fully trusts the central bank's response to market moves. "I expect that the Bank of Japan will appropriately deal with it," Chief Cabinet Secretary ...
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Amnesty Report Highlights Refugee Plight
annual report by Amnesty International cites the increasing number of refugees around the world, and the lack of support for them, as the key human rights issue for the past year. The London-based group also calls the Internet an important tool in fighting human rights abuses, and calls on governments to increase access to it. Amnesty International reports that the number of refugees ...
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US should act on China intellectual property theft
WASHINGTON (AFP) - The United States should consider curbs on Chinese investment or even offensive operations against hackers to address the growing toll from intellectual property theft, a report said.The 11-month study led by high-ranking former US officials said that theft of software and other US-developed products was costing the American economy more than $300 billion each year -- as much ...
Osaka Digest
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Osaka sees first InterContinental hotel built
Osaka is a major travel destination within Japan and the wider Asian region for business travelers and leisure tourists alike. The city is an economic powerhouse and part of the backbone of the Japanese economy. It makes sense for InterContinental to finally open a hotel here then.
Osaka is the second command center of the Japanese economy after Tokyo, with a daytime and nighttime population that reflects the massive draw of the city as an economic powerhouse. Read more
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